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CHINA’S DIGITAL PAYMENTS REVOLUTION

Publish Date: 01-04-2020

Publish Frequency: 1

Source: Brookings

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Type: Report

Synopsis: The rise of two major digital payment platforms, Alipay and WeChat Pay, has transformed China's payment system, reaching near ubiquity in under a decade. Starting from zero at the beginning of the decade, these two payment platforms are now the largest system in China and among the largest in the world.

Public Link: https://www.brookings.edu/wp-content/uploads/2020/04/FP_20200427_china_digital_payments_klein.pdf

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